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Businesses For Sale   >>   Banquet Businesses For Sale   

Night Club Holds 1379 - Lot Of Upside

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $0
Net Profit / Cash Flow  $840000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2001
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased

Night Club Holds Over 1,300 People - Lots Of Upside Price Reduction RRC#: 1841 Asking Price: $275,000 Location: Downtown, East Bay, California Yearly Revenue: Contact For Info Yearly Cash Flow: $840,000 Monthly Rent: $12,000 all inclusive -se LISTING DESCRIPTION: This is one of the larger night clubs in the bay area and is in a historical building which has a lot of charm. There are wood floors throughout, tall ceilings, a main bar and 3 portable bars, a large elevated stage and dramatic DJ booth. There are a combination of tables and chairs, bar height tables and bar stools, banquette seats, ADA restrooms and an elevator. Some of the equipment includes as follows: extensive audio system, lighting system, 2 hand sinks, 2 ice machines, 6 employee lockers, 2 - 3 compartment sinks, 7 ice bins, 2 door under counter refrigerator, 2 glass door under counter refrigerator, portable ice bin, 6' beer box and 3 door under counter refrigerator, etc. The club only operates Wed without alcohol, some Fridays and every Saturday night so there is lots of upside for additional days and hours of business. The club can be set up to service minors in a separate section of the club which can be totally separated from the main club. The total rent is $20,000 all inclusive but there is a long term subtenant that pays $8,000 month so the net rent to the operator is $12,000 per month. GENERAL INFORMATION: Organization: LLC | Seating: 1379 capacity | Square Footage: 10,000+ | Parking: street and parking lots | Licenses Required: Business, ABC Type 48 (hard liquor) | Days Open/Hours: Wed, Some Frdays & Every Sat evenings only | Reason For Sale: Other intrests | FINANCIAL INFORMATION: Yearly Cash Flow: $840,000 | LEASE INFORMATION: Monthly Rent: $12,000 all inclusive -se | Lease Expiration: 3/31/2022 | Yearly Adjustment: 3% | Lease Option: two 5 year options | FINANCING INFORMATION:

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